Short Sales

Learn what a short sale is and how we can help below.

Short Sale Expertise You Can Trust

Troy began his real estate career specializing in short sales, working alongside both agents and homeowners through some of the most complex transactions in the industry. After working with two short sale companies — including a law firm — Troy has successfully handled thousands of short sale transactions, securing approvals on many of them.

Through his attention to detail, persistence, and commitment to his clients, Troy has helped close over $400 million in short sale properties in just over five years, relieving homeowners of substantial financial burden and helping them move forward with confidence.

What is a Short Sale?

A short sale can be an effective solution for homeowners who need to sell their home but owe more on their mortgage than the property is worth.

While short sales were once uncommon, lenders today are often far more open to these transactions due to evolving market conditions and internal policies.

OFFICIALLY DEFINED
A homeowner is considered “short” when the net proceeds from the sale of the home are less than the total amount owed to the lender(s).

In a Short Sale:

1. The lender agrees to accept less than the full balance owed

2. A buyer purchases the home

3. The transaction closes with lender approval

Do You Qualify for a Short Sale?

Each lender has different requirements, but homeowners often qualify if they experience one or more of the following:

  • Financial hardship (job loss, medical issues, divorce, or other income disruptions)
  • Monthly income shortfall where expenses exceed income
  • Insolvency, meaning limited liquid assets available to pay down the loan

Even if you are current on your mortgage, you may still qualify. Every situation is unique, and exceptions are possible.

Why Work With an Experienced Short Sale Specialist?

Short sales are complex and require experienced negotiation with lenders, proper documentation, and strict timelines. Troy manages the entire process from start to finish, working closely with legal professionals when needed to ensure nothing is overlooked.

We invite you to visit our Testimonials page to hear directly from homeowners who have successfully completed short sales with our help.

Benefits of a Short Sale vs. Foreclosure

Potential Benefits of a Short Sale:

  • No upfront cost to the homeowner
  • Lenders typically cover closing costs and commissions
  • Possible relocation or seller assistance programs (based on lender criteria)
  • May reduce or eliminate future financial liability
  • Often less damaging to credit than foreclosure
  • Ability to pursue homeownership sooner than foreclosure allows
  • Foreclosure proceedings may be paused during negotiation
  • Can be completed even during an active bankruptcy (Chapter 7 or 13)

Foreclosure Risks:

  • Severe credit score impact
  • Remains on credit history for up to 7 years
  • Limits future loan eligibility
  • Potential unresolved HOA balances
  • Risk of ongoing financial liability
  • Public record and long-term financial consequences

Take the First Step

Understanding your options now can make a significant difference in your financial future. If you have questions or believe a short sale may be the right solution, we offer a free, confidential consultation.